FGTEK
ActiveFGTEK has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €15k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 46% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▲+4
Solvency76▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 1.61 in 2023; short-term debt: 11.3% and cash: 28.2% of total assets), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.8%
Return on assets
11.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
40 d early
2022
40 d early
2021
37 d early
2020
30 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€65k▲ 29.0%
2023 · €51k
2019: €21k
2020: €38k
2021: €54k
2022: €40k
2023: €51k
2019 → 2024
Total assets
€129k▲ 2.4%
2023 · €125k
2019: €23k
2020: €74k
2021: €139k
2022: €139k
2023: €125k
2019 → 2024
Net result
€15k▲ 43.4%
2023 · €10k
2019: €15k
2020: €17k
2021: €16k
2022: €4k
2023: €10k
2019 → 2024
Working capital
€28k▲ 177%
2023 · €10k
2019: €22k
2020: €28k
2021: €37k
2022: €-14k
2023: €10k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€54k▲ 43.7%€40k▼ 25.2%€51k▲ 25.3%€65k▲ 29.0%
Operating result€23k-€23k▲ 3.5%€7k▼ 68.5%€14k▲ 90.1%€21k▲ 47.5%
Net result€17k-€16k▼ 2.5%€4k▼ 75.8%€10k▲ 158%€15k▲ 43.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 48% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €129k
Fixed assets
€86k▼ 13.0%
Current assets
€43k▲ 58.5%
Equity and liabilities €129k
Equity
€65k▲ 29.0%
Debt
€63k▼ 15.5%
The debt ratio falls from 59.6% to 49.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €28k
Cash flow
€29k▲
2023 · €24k
Solvency
50.8%▲
2023 · 40.4%
Current ratio
2.97▲
2023 · 1.61
Quick ratio
2.97▲
2023 · 1.61
Debt / equity
0.97▼
2023 · 1.48
ROE
22.5%▲
2023 · 20.2%
ROA
11.4%▲
2023 · 8.2%
Interest coverage
26.79▲
2023 · 18.53
Debt
€63k▼
2023 · €75k
Debt ≤ 1 year
€14k▼
2023 · €17k
Debt > 1 year
€49k▼
2023 · €58k
Income taxes
€5k▲
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€125k€129k▲
Fixed assets21/28€98k€86k▼
Tangible fixed assets22/27€98k€86k▼
Land and buildings22€53k€50k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€44k€34k▼
Current assets29/58€27k€43k▲
Amounts receivable within one year40/41€6k€6k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€19k€36k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€125k€129k▲
Equity10/15€51k€65k▲
Contributions10/11€19k€19k=
Reserves13€32k€46k▲
Distributable reserves133€32k€46k▲
Profit (loss) carried forward14€61€738▲
Amounts payable17/49€75k€63k▼
Amounts payable after more than one year17€58k€49k▼
Financial debts170/4€58k€49k▼
Amounts payable within one year42/48€17k€14k▼
Current portion of amounts payable after more than one year42€14k€9k▼
Trade debts44€520€1k▲
Suppliers440/4€520€1k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€2k
Remuneration and social security454/9-€2k
Other amounts payable47/48€2k€256▼
Income statement
Code20232024
Non-recurring operating income76A€10k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€747€642▼
Gross operating margin9900€28k€35k▲
Operating profit (loss)9901€14k€21k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€12k€19k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€10k€15k▲
Profit (loss) for the period to be appropriated9905€10k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€15k▲
Profit (loss) brought forward from the previous period14P€327€61▼
Transfer to equity691/2€11k€14k▲
To other reserves6921€11k€14k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 1.61
Current ratio from 0.48 to 1.61; short-term debt falls from €26k to €17k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €4k ▼75.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €17k ▲15.5%
Net result €17k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grijsbulckstraat 11/A9800 DeinzeGround area
1,150 m²
Building footprint
164 m²
Volume, LiDAR
649 m³
Parcel 44026A0345/00L000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FGTEK
since 20192.284.079.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44026A0345/00L000 | Flanders | 1,150 m² | 1 · 164 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ENDAPH
BE 0817.518.473
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RST CONSULT
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Momignies · Eq €65k
TW ENGINEERING SERVICES
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Of 11,555 companies in sector 71121 we hold annual accounts for 6,562. 5,079 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.